The Trust for Credit Unions said Wednesday that one of its threemutual funds – the Ultra-Short Duration Government Portfolio –exceeded its benchmark by 25 basis points in 2011.

The fund returned .67% compared with .42% for the nine-monthU.S. Treasury Index during the 2011 calendar year, said the TCU,which said it currently holds about $1.1 billion in threeinvestment portfolios for more than 100 credit unions.

“During a year when rates were near historical lows, this is anexcellent result,” Jon Jeffreys, manager of Callahan Credit Union FinancialServices Limited Partnership, the funds' administrator, said of theresults.

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